Bitcoin.com Sees Third CEO for 2020 During Times of “Lagging Moral”

Bitcoin.com Stands with the third newly-appointed CEO in as many months. This comes just after the company had promoted its Chief Product Officer, one Dennis Jarvis, to the position.

Succeeding Mate Tokey

Roger Ver, the founder of the news and crypto exchange platform, had revealed that this new change in leadership has come during a time of “lagging morale” within the company itself. This was made clear via an internal memo; one sent to all employees on the 20th of May, 2020

As one would imagine, the memo also mentions the CEO that Jarvis succeeds Mate Tokey, the former Chief Operating Officer, of his position of CEO. Tokay was appointed just two months ago but will step down immediately according to the memo. Ver gave the mandatory thanks for his brief time heading the company, as well. Back in April, Tokay was proclaimed the “CEO” of the company, instead of the “Acting CEO” position he held before. However, it should be noted that Ver will have him as his “right-hand man” from now on.

Jarvis had worked for heavyweights like Rakuten and Apple before he managed to join up with Bitcoin.com.

Third On The List

With Jarvis being the latest, this marks three newly appointed CEOs since Roger Ver had stepped down from the position himself, back in middle 2019. Ver stepped down to take on the position of Chairman, and Stefan Rust, a veteran in the corporate world, was set to take over. However, a “Sudden” downsize event occurred in April this year, which booted Rust alongside an estimated 60 other employees in the span of a week.

Back during Virtual Blockchain Week, Ver had decided to shed some light on the matter as a whole. He explained that Bitcoin.com and Stefan Rust parted ways on very “amicable” terms. Ver stated that the matter just wasn’t a good fit for the long term plans of Bitcoin.com. Even so, Ver said that the company still held respect and love for Rust, wishing him the best for his future.

Chaotic Times Cited As Reason

The latest change, however, has been put on the “Chaotic” times the crypto industry is facing. Ver explained that the company could’ve done more to focus on creating stability in the long term, especially these days. He thanked all the people that have spoken about how this lack of stability has affected them, as well.